Scandal Hits Fanduel, Draft Kings

fanduel

An insider trading-style scandal has rocked fantasy football draft giants Fanduel and Draft Kings.

“Last week, a DraftKings employee admitted to inadvertently releasing data before the start of the third week of N.F.L. games, a move akin to insider trading in the stock market. The employee — a midlevel content manager — won $350,000 at rival site FanDuel that same week.

The incident has raised questions about who at daily fantasy companies has access to valuable data, how it is protected and whether the industry can — or wants — to police itself.” [READ MORE]

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